(1,4512) GBP/CHF confirmed as well a session of consolidation forming a new inside day with 1,4680 – 1,4445 the levels to follow in the coming hours. A break below the support will cause a 1,44 undershooting!! The indicators of the daily chart are still well negative and also still showing a S_H_S formation with however down sloping neck line, less powerful. The indicators of the s/t charts are instead showing a mixed picture supporting further consolidation/ correction. Further bullish divergences still confirm a negative tone. Only a move above 1,4670 confirmed by an hourly closing will postpone further weakness. We wait for a selling opportunity.
Read the full report: GBPCHF 06.05
Future Trend